(Reuters) – FTX claimed on Friday it had actually gotten to a negotiation with K5 Global, an equity capital company co-founded by a previous assistant to Hillary Clinton, dealing with a suit the insolvent crypto exchange had actually brought versus the business in June in 2014.
The claim had actually looked for to claw back $700 million in financial investments presumably made with misused FTX funds.
The firms did not divulge the economic regards to the negotiation contract.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
